Tuesday, May 22, 2007

So when the super-rich use offshore tax havens to avoid paying what they owe in taxes, they’re reneging on their duties as citizens. It seems only fair to me that the consequence of that kind of tax avoidance ought to be loss of citizenship. If it’s more important to someone to avoid paying what they owe in taxes than to continue being an American, then let them keep their money. They can become a citizen of the Cayman Islands or Bermuda or wherever else they store their wealth, and come here on a visitor’s visa – if they can get one.

Exploit a loophole, loose your citizenship. Nothing illegal just .. not what Mr. Reich would have you do. I'm sure of course that he pays the full amount of his tax bill and uses no deductions, exemptions or other dodges.

Classy thinking from a Professor of Public Policy at U.C. Berkeley and 22nd Secretary of Labor.

So when the super-rich use offshore tax havens to avoid paying what they owe in taxes, they’re reneging on their duties as citizens. It seems only fair to me that the consequence of that kind of tax avoidance ought to be loss of citizenship. If it’s more important to someone to avoid paying what they owe in taxes than to continue being an American, then let them keep their money. They can become a citizen of the Cayman Islands or Bermuda or wherever else they store their wealth, and come here on a visitor’s visa – if they can get one.

Exploit a loophole, loose your citizenship. Nothing illegal just .. not what Mr. Reich would have you do. I'm sure of course that he pays the full amount of his tax bill and uses no deductions, exemptions or other dodges.

Classy thinking from a Professor of Public Policy at U.C. Berkeley and 22nd Secretary of Labor.